On Our Radar

On Our Radar

Fastenal 2Q Earnings Pregame Scorecard

Last quarter Fastenal hit analyst's estimates and it will report again on Thursday, July 12, 2012.

Continue Reading Below

Expectations

Analysts currently expect Fastenal to come in with earnings of 37 cents per share on revenues of $807.6 million. Analyst estimates range from 36 cents per share to 37 cents per share. Over the past three months, the average estimate has moved down from 38 cents.

Last Quarter's Results

In the first quarter, profit rose 26% to $100.2 million (34 cents a share) from $79.5 million (27 cents a share) the year earlier, meeting analyst expectations. Revenue rose 20% to $768.9 million from $640.6 million.

Stock Ratings

Continue Reading Below

ADVERTISEMENT

Analysts think investors should stand pat on Fastenal with seven of eight analysts rating it hold. That rating hasn't budged in three months as the average analyst rating of the stock has remained steadfast.

Stock Movement

The stock fell $4.23 per share between June 4, 2012 and June 5, 2012. Looking at change over the last three months, April 11, 2012 and July 6, 2012, the stock price fell $8.95 (-18%), from $49.63 to $40.68.

Company Fundamental TrendsThe company enters this earnings announcement with substantial revenue momentum. The company has averaged year-over-year revenue growth of 21.2% over the last four quarters. The impending earnings announcement offers the opportunity expand on positive earnings momentum gained over last three quarters. Net income rose 29.1% in the third quarter of the last fiscal year and 34.2% in the fourth quarter of the last fiscal year before increasing again in the first quarter.